Believe it or not some of the top minds in the business world are millennials and you may not even realize that some of the most successful companies are run by people under the age of 35. This Changes Things hosts Baker Machado and Hope King give a few examples of millennials doing big things in the world of business.
Airbnb founder Brian Chesky and Lyft founder John Zimmer both started their companies in their 20's. Both Lyft and Airbnb are two of the highly anticipated companies to possibly make a public debut in 2018.
Plus, with the power of YouTube Michelle Phan was able to make millions of dollars in endorsement deals and start her own company, which is now worth over $800 million.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
